Meesho IPO heavily oversubscribed: Can it deliver a surprise on listing? GMP exceeds 39%
Meesho, an e-commerce firm backed by SoftBank, saw its IPO close with a final subscription of 79.02 times. The share allotment is expected to take place on December 8, with the market debut scheduled for December 10. The IPO received bids for 21,96,29,80,305 shares against 27,79,38,446 shares on offer. Meesho is raising Rs 5,421 crore in IPO and has fixed a price